Brody deposited $500 into an account that
earns 4.2% interest compounded annually. He
makes no additional deposits and no withdrawals.
Approximately how much interest will the account
have earned after 7 years?
A $167
B $420
C $542
D $665
My possible answers are A or D. I'm just having a hard time figuring out which one would be the correct one. Please help. I really appreciate it. Thank you!
search compound interest calculator in google and place ur values
i think D is correct
Awesome, thank you! :)
:) Welcome
nope. D is the total amount in the account, but is not the correct answer.
Im pretty sure its D, I'll be back later with the 100% correct answer though
It doesn't show you which one you get wrong on the test but im pretty sure D is correct.
I made an eighty so I still did pretty good lol